Solar eclipse on 20 march 2015.... Last time 11 march 2011 it Was followed by market crash....
IvanLabrie
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And how is that related? o.O
Szuperzold
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I think we just go back to 2085, maybe 2060-50 (2067-65 is my ideal target now for short).
But from there we can go one more higher.
And after that 2200 we can go as you suggested above, IMO.
KenKam
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Just some feedback, hope you don't mind. I do not trade SP500. But one look at your chart tells me that you are trying to fit YOUR expectations on to the chart, ignoring the signals from the chart.
What I mean is that the lower trend line is plain wrong. It is cutting through a significant break. If you draw it correctly, the wedge pattern becomes weaker. It appears you are ignoring the spike down just so your wedge pattern looks nice. In my experience, we must leave our ego at the door before analysing charts; one must never ignore market signals.
jangseohee
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would you be able to post what your opinion is? KenKam
YaKa
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Really not.
The chart says something. Sometimes the thing the chart says is so ridiculous that the solution is more complexe.. I believe this is the case and that is why it is not trivial here.
Trust me: SP500 is going to break away from the top line and i bet this will happen without fitting the line on new tops..
Let's see.
TonyTan
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Agree. Upside wedge is very very unreliable.
YaKa
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Exactly.
While expecting an exit is a bit vicious, expecting a carry on in the wedge is very naive.